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InterGlobe Aviation, Maruti Suzuki, IndusInd Bank and other stocks to watch out for on July 28

Equity markets' record run screeched to a halt on Wednesday as investors pocketed gains in banking, finance and IT counters amid a mixed trend overseas. Snapping a three-day winning streak, the 30-share BSE <keyword id="6484188" type="DEFINITION" weightage="20" keywordseo="sensex">Sensex</keyword> slumped 694.92 points or 1.56 per cent to finish at 43,828.10. The index touched a lifetime high of 44,825.37 in the opening session. Similarly, the broader NSE <keyword id="6354813" type="UNKNOWN" weightage="20" keywordseo="Nifty">Nifty</keyword> touched a record intra-day peak of 13,145.85, before ending 196.75 points or 1.51 per cent down at 12,858.40. Kotak Bank was the top loser in the Sensex pack, skidding 3.22 per cent, followed by Axis Bank, Sun Pharma, HDFC Bank, Bajaj Finance, Asian Paints, Bharti Airtel, Infosys and Tech Mahindra. Only three index components closed in the green -- ONGC, PowerGrid and <keyword id="46717" type="COMPANY" weightage="20" keywordseo="IndusInd-Bank">IndusInd Bank</keyword>, jumping up to 6.25 per cent. Global equities were mixed after the US' Dow Jones Industrial Average breached the 30,000-mark for the first time in the overnight session on COVID-19 vaccine optimism. Reports that US President-elect Joe Biden would appoint former Federal Reserve chair Janet Yellen as Treasury Secretary also cheered investors. "The market rally which was led by developments on vaccine and FPI inflows came to a halt today due to profit booking across sectors in the second half of the trading session. While western markets continued its positivity, being encouraged by news on vaccine developments and ease in the US political risk. "We can expect profit booking to continue in our domestic market, in the short-term, as the liquidity driven rally can take a pause having reached all-time high on a monthly basis. This money was triggered by the overwhelming result of the US election unleashing high amounts of funds which was put on-hold. FIIs can take a breather and check for the next phase of policies in the US and Europe for 2021," said Vinod Nair, Head of Research at Geojit Financial Services. BSE telecom, realty, bankex, healthcare, auto and capital goods indices tumbled up to 2.20 per cent, while oil and gas closed higher. Broader BSE midcap and smallcap indices dropped up to 1.76 per cent. Elsewhere in Asia, bourses in Shanghai and Seoul settled in the red, while Tokyo and Hong Kong ended with gains. Stock exchanges in Europe were also trading on a mixed note in early deals. Meanwhile, Brent crude futures, the global oil benchmark, was trading 1.15 per cent higher at USD 48.33 per barrel. In the forex market, the rupee appreciated by 10 paise to close at 73.91 against the US dollar. ABM ANS ABM ABM

Markets tumble from record high: Sensex plunges 695 points lower, Nifty ends below 13,000

<ul><li>At 7:50 am the SGX Nifty was trading 0.92% lower pointing towards a cautious start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/" data-type="tilCustomLink">Check out the latest news and updates on Business Insider</a>. </li></ul>Indian stock market is likely to open on a negative note amidst weak cues from global peers. At 7:50 am the SGX Nifty was trading 0.92% lower pointing towards a red start for Nifty50. On Thursday, US stocks plunged, as a steep sell-off in tech shares dragged down the market. Dow Jones Industrial Average closed 2.78% lower. The Nasdaq Composite Index sank 4.96%. Here’s a list of stocks to watch for in trade on September 4: Vodafone-Idea After news reports surfaced suggesting that Verizon and Amazon may invest over $4 billion in the company, Vodafone Idea clarified to its investors, while it constantly evaluates various opportunities as part of corporate strategy, there is no such proposal currently before its board. The VIL filling came after BSE sought clarification from the company on Thursday over a <a href="https://www.livemint.com/companies/news/amazon-verizon-may-give-voda-idea-lifeline-11599102122521.html">media report </a>suggesting that Verizon and Amazon could invest over $4 billion in Vodafone Idea. The board will also meet today to consider a fundraising proposal. The shares of Vodafone-Idea ended 29.80% higher yesterday. Hindustan Aeronautics Limited State-owned HAL has proposed to offer 5.02 lakh shares to the eligible employees of the company at ₹950.95 per share. The sale of shares will remain open from September 4 to 9. The shares of HAL ended 4% higher on September 3. Infosys IT services major Infosys is all set to acquire US-based product design and development firm Kaleidoscope Innovation for up to $42 million. Kaleidoscope Innovation designs microsurgical instruments, devices used in minimally invasive surgery, drug delivery devices for ophthalmic therapies and user-centric wearables. The shares of Infosys ended 1.21% higher on September 3. ICICI Bank, IndusInd Bank, Axis Bank, SBI and other banking stocks The shares ICICI Bank, IndusInd Bank, Axis Bank, SBI and other Banking stocks might react to the apex court decision today. The Supreme Court of India has adjourned hearing in the loan moratorium case till September 10. The court directed that accounts, which were not declared as non-performing assets till August 31 this year, shall not be declared NPA till further orders. The shares of ICICI Bank, IndusInd Bank, Axis Bank, SBI ended nearly 2% lower on September 3. Future Retail The stock-exchanges revised Future Retail price band from 10% to 5%. The shares of Future Retail closed after hitting a 10% lower circuit in the past two days. The company is also slated to report its first quarterly earnings today. Tata Motors Government-owned Energy Efficiency Services has placed an order to procure 250 electric vehicles from Tata Motors and Hyundai Motor India. Tata Motors will supply 150 Nexon XZ+ electric compact SUVs for the government use. EESL will procure Tata Nexon at ₹14.86 lakh each, ₹13,000 cheaper than its ex-showroom price. The shares of Tata Motors ended nearly 1% higher yesterday. Jubilant Industries Jubilant Industries reported a net loss of ₹3.1 crore in the first quarter ended June 30 as against a profit of ₹9.6 crore in the same quarter last year. The revenue declined to ₹94.3 crore as compared to ₹151.8 crore in the same period last year. The shares of Jubilant Industries ended nearly 3% higher on September 3. SEE ALSO: <a href="https://www.businessinsider.in/defense/news/india-says-border-situation-is-a-direct-result-of-chinese-actions-as-it-repositions-troops-in-ladakh/articleshow/77913259.cms" data-type="tilCustomLink">India says border situation is a ‘direct result’ of Chinese actions as it repositions troops in Ladakh</a> <a href="https://www.businessinsider.in/india/news/delhi-hotels-restaurants-and-clubs-can-serve-liquor-from-september-9/articleshow/77913006.cms" data-type="tilCustomLink">Delhi hotels, restaurants and clubs can serve liquor from September 9</a>

Top stocks to watch— Future Retail, IndusInd Bank, SBI, Vodafone-Idea, Infosys, HAL, Tata Motors, Jubilant Industries and more

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InterGlobe Aviation, Maruti Suzuki, IndusInd Bank and other stocks to watch out for on July 28

Rounak Jain

Markets tumble from record high: Sensex plunges 695 points lower, Nifty ends below 13,000

PTI

Top stocks to watch— Future Retail, IndusInd Bank, SBI, Vodafone-Idea, Infosys, HAL, Tata Motors, Jubilant Industries and more

Navdeep Yadav

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